daytrading june 20 pre-market, page-18

Thanks HLL

The traders eternal question - what to do?

Have to try to be objective, have to try and ignore others views of the markets, their hopes and fears. Both are bad for me.

No open positions so I'm sweet there.

Brazil has broken through 2011 lows, which means it's at 2009 levels now. Unfortunately it still doesn't look like capitulation. The vol in Brazil can get way bigger than last night - combine that with the steady(ish) down move global markets have been part of, and it really is looking like downside development.

Hopefully the HSBC number will hold some good news. Lousy time for it to come out though. My overnight scans are finding it harder to come by good vol and liquidity, and I suspect that the number today will give most traders reason to pause.

Another day in the office, kids have to have lunches, eggs have to be collected and the school fees have to be paid....

From Bob Dylans Buckets of Rain:

All you can do is do what you must
You do what you must do and you do it well


G'lick everyone.